$3,266 Closing Credit*
$275,000
1,981 SqFt
2 Beds
•2 Full Baths
JOY DANIELS, Listing Office: Joy Daniels Real Estate Group, Ltd
Is Silver Spring Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Silver Spring Township has remained a Seller's Market.
Key Takeaway
Silver Spring Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Spring Township, PA
How much do homes in Silver Spring Township, PA cost?
Median Sold Price
$420,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+5.0%)
Key Takeaway
Homes in Silver Spring Township have sold for 5% more than they did a year ago.
Summary: The median home sold price in Silver Spring Township was $420,000 in November 2024, up 5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $276K | $289K | +4.7% |
| 3 Bedrooms | $333.5K | $361K | +8.2% |
| 4 Bedrooms | $527.5K | $567K | +7.5% |
| 5+ Bedrooms | $780K | $690K | -11.5% |
Summary: Silver Spring Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Middlesex Township | $327K | $378.2K | +15.7% |
| Mechanicsburg | $347.5K | $375K | +7.9% |
| Silver Spring Township | $400K | $420K | +5.0% |
| Hampden Township | $366K | $380K | +3.8% |
Housing Supply in Silver Spring Township, PA
How many homes are available in Silver Spring Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 97 | -4.9% |
Summary: The Silver Spring Township real estate market had 97 homes for sale in November 2024, a 4.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 9 | -40.0% |
| 3 Bedrooms | 40 | 42 | +5.0% |
| 4 Bedrooms | 28 | 30 | +7.1% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The Silver Spring Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Spring Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Silver Spring Township in November 2024, up by 10.0% month-over-month. Of the 33 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Silver Spring Township, PA
How long does it take to sell a home in Silver Spring Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 23 Days | -34.1% |
Summary: Homes in Silver Spring Township had an average of 23 days on market in Nov 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver Spring Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in Silver Spring Township; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
